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Showing 41 - 50 of 254 results for "Bankrupt"

NZ overhauls regulation of advice

JAMIE WILLIAMSON  |  FRIDAY, 19 MAR 2021
The way in which financial advice is regulated in New Zealand has changed, with a host of new requirements introduced and robo-advice now subjected to the same rules as advice delivered in person. From March 15, all providers of financial advice to ...

Chief economist update: Light at the end of the Euro tunnel

BENJAMIN ONG  |  FRIDAY, 12 FEB 2021
It's beginning to look a lot like the Eurozone economy wouldn't be able to dodge a double-dip recession given tighter and/or extended coronavirus restrictions and lockdowns remain in place in many of its member countries. Eurozone GDP fell into ...

Chief economist update: Prepare for lift off

BENJAMIN ONG  |  WEDNESDAY, 27 JAN 2021
In its latest World Economic Outlook (WEO), the International Monetary Fund (IMF) has predicted a shallower contraction in world output for the year ended 2020 - minus 3.5%, down from the October forecast of a 4.4% contraction and the 4.9% decline it ...

Former adviser pleads guilty to theft, dishonesty

KANIKA SOOD  |  TUESDAY, 22 DEC 2020
... and transferred it to accounts for his own benefit instead of returning them to clients. Flowers was previously made bankrupt in February 2012, and permanently disqualified from providing financial services and banned from engaging in credit activities ...

Interim insolvency protections extended

KARREN VERGARA  |  THURSDAY, 10 SEP 2020
Small businesses suffering financial hardship as a result of COVID-19 will have temporary insolvency and bankruptcy protections in place until the end of the year. The federal government has extended temporary insolvency and bankruptcy protections until ...

Fund manager charged with fraud

ALLY SELBY  |  FRIDAY, 4 SEP 2020
... District of New York has announced it is pursuing criminal charges against Kamensky. Kamensky was the co-chair of the bankrupt retailer's unsecured creditors committee, tasked with acting as a fiduciary to all of Neiman Marcus' creditors. The SEC alleges ...

Pandemic heightened need for SG increase: ASFA

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
In its supplementary pre-budget submission lodged with the government the Association of Superannuation Funds of Australia (ASFA) called for the SG increase to go ahead and an expansion in the coverage of the Fair Entitlements Guarantee (FEG) scheme. ...

Bendigo and Adelaide Bank to face fresh class action

ELIZABETH MCARTHUR  |  TUESDAY, 11 AUG 2020
... alone on the Great Southern loans. They received an insurance payout from IAG of $23,000 for their losses. Navra went bankrupt in 2012 and has since reinvented himself as a property and gold investing guru. SR Group, which is assisting EQ Legal on the ...

Chief economist update: It's about human life, not human rights

BENJAMIN ONG  |  MONDAY, 3 AUG 2020
"We are all prisoners here of our own device." - Hotel California, The Eagles Victorian Premier Daniel Andrews declared Victoria in a "State of Disaster" from 6pm on August 2 and imposed Stage 4 restrictions that will run for six weeks (until September ...

Value to be found in childcare stocks

ANNABELLE DICKSON  |  FRIDAY, 24 JUL 2020
... occupancy rates as it is the key determinant of profitability. Landlords will only be impacted if the operator becomes bankrupt. Despite this, James said bankruptcies are unlikely particularly for large landlords such as Arena REIT and Charter Hall Social ...